SubWallet and Bifrost Liquid Staking Partnership

1. Introduction to SubWallet

SubWallet is the leading comprehensive non-custodial wallet for the Polkadot and Kusama ecosystems. With the mission of bringing crypto users closer to the Polkadot & Kusama ecosystem and opening the Web3 universe, we envision a wallet in which users can track, send, receive, stake, contribute to crowdloans and manage multi-chain assets with utmost ease and security.

SubWallet has the most comprehensive product suite in the Polkadot ecosystem on all popular platforms. SubWallet allows users to seamlessly sync their accounts between all platforms.

• 🧩 Browser Extension: Available on Google Chrome, Brave, Firefox, and Microsoft Edge.
• 📱 Mobile App: Available on iOS and Android. Use it anywhere on the go.
• 🌐 WebApp: Explore a comprehensive dashboard for asset management and diverse blockchain activities without installations.

Tractions

• ⛓️‍💥 150+ networks supported (relay chains, parachains & solochains) in the Polkadot & Kusama ecosystem
• 👤 1,600,000+ installs and 800,000+ active users & devices from 100+ countries
  • 🧩 Browser Extension: Chrome Store & **Firefox Store**
    • 546,000+ total installs
    • 340,000+ weekly users
  • 📱Mobile: Android & iOS
    • Android: 525,000+ downloads
    • iOS: 636,000+ downloads
  • 🌐 WebApp: https://web.subwallet.app/
    • 3,087,000 total visits in the QII - 2024
    • 323,000 users in the QII - 2024

2. SubWallet offers the most comprehensive earning solution for the Polkadot ecosystem

Stake to earn is a highly adopted use case among crypto users, yet navigating the fragmented nature of Polkadot often means that users need to visit different pages to explore and engage in staking activities.

SubWallet has, therefore, introduced a one-stop-shop staking solution for the entire Polkadot ecosystem. Whether it's native staking or liquid staking, all staking options are aggregated and seamlessly presented within the SubWallet Earning Page on the web dashboard. This ensures that users can effortlessly explore and manage their staking options in one location.

3. SubWallet supports Bifrost liquid staking

For the Bifrost network, SubWallet is the first wallet to integrate Bifrost’s liquid staking products—specifically vDOT and vManta—directly into SubWallet’s staking dashboard, extension, and mobile app, starting October 2023. This provides Web3 users with the ability to access and manage Bifrost’s liquid staking options through a user-friendly and intuitive interface, making the staking process more accessible and efficient.
vDOT supported on SubWallet dashboard, extension, mobile app
vManta supported on SubWallet dashboard, extension, mobile app
Additionally, SubWallet already offers an abstract cross-chain liquid staking experience, bringing a simple and convenient UX to Bifrost liquid staking users. No more "bridge first, then stake" – users only need to select the liquid staking option, and we handle the entire complex process in the background.
https://x.com/subwalletapp/status/1828409404368310527

3. Collaborative marketing between SubWallet and Bifrost

In Q3 2023, SubWallet was the first in the ecosystem to run an exhaustive earning/staking campaign, promoting all earning methods with DOT, including native staking, liquid staking, and lending. Bifrost was one of the key partners in this campaign and achieved the best performance with the highest ROI.

Moreover, as a gateway to the Polkadot ecosystem, the SubWallet team understands our mission as the first touchpoint for users, maximizing exposure for other projects in the ecosystem. This is why we developed the Mission Pools feature to showcase all campaigns in the ecosystem, with Bifrost being featured multiple times. For instance, in Q1 2024 alone, we drove 20K+ clicks to Bifrost campaigns on Airlyft.

4. Suggested commission structure

To support the development of new integration (vGMLR and vETH, tentatively) and maintenance of current integration (vDOT and vMANTA) across 3 platforms, SubWallet proposes a commission rate set at 50% of Bifrost’s protocol commission. This allows us to maintain high-quality user experience while developing new features and improving the staking interface.

Commission receiver address: 1C42oGF3s8ztCsc22MA4LKd8BogMJNdVmCgtTXGfxqwjrSb

5. Community growth and engagement initiatives

SubWallet is willing to support the growth of Bifrost through several targeted initiatives aimed at increasing user engagement during liquid staking campaign.

• Visibility and promotion: SubWallet will promote Bifrost by displaying banners on the token details screen of supported assets. Additionally, all Bifrost liquid staking campaigns will be featured in the Mission Pools tab.
  Banner on token details screen
• Content marketing: We will produce social content, tutorials, Twitter Spaces, etc., to amplify campaign reach. Action plans will depend on the scale and nature of each campaign.
• Dedicated user support: SubWallet will provide ongoing support to users who stake Bifrost assets on SubWallet, with assistance available for both the SubWallet and Bifrost communities. Our community and support teams are well-equipped to handle any challenges related to staking, bridging, or using liquid assets.

6. Conclusion and next steps

We believe that integrating Bifrost’s liquid staking solutions into SubWallet and co-promoting will greatly enhance the user experience for both projects. By offering a simple, accessible interface to manage staking and liquid assets, SubWallet will attract more users to Bifrost’s ecosystem, while providing our own community with greater flexibility and earning potential.

We look forward to exploring the next steps in this partnership and welcome any feedback to ensure that we can collaborate successfully to bring liquid staking benefits to a wider audience.

Thank you for considering our proposal.